3. Rate and base of ad valorem tax
on non-essential goods ................................................... 374 4. Meaning of certain terms .................................................... 375 5. Rate and base of tax on non-essential services .................. 376 6. Invoicing requirements for services performed ................. 376 7. Application for registration ................................................. 379 8. Meaning of certain terms .................................................... 380 9. Rate and base of tax on sweetened beverages ................... 380 10. Excise tax on removal of sweetened beverages products for export ........................................................ 382 11. Manner of packaging of sweetened beverages ................... 382 H. TAX ON MINERAL PRODUCTS 1. Meaning of certain terms..................................................... 383 2. Rates and bases of the ad valorem taxes on mineral products ............................................. 384 3. Nature of the tax .................................................................. 385 4. Domestic coal contemplated ................................................ 386 5. Mineral products contemplated........................................... 386 6. Quarry resources contemplated........................................... 388 7. Computation of tax............................................................... 388 8. Exemption from local taxes.................................................. 389 I. ADMINISTRATIVE PROVISIONS 1. Supervision over business establishments ......................... 389 2. Records to be kept by manufacturers.................................. 389 3. Records as basis for assessment .......................................... 389 4. Approval of premises by Commissioner .............................. 390 5. Counting or metering devises to determine volume of production and importation ........................................... 390 6. Assignment of internal revenue officers ............................. 390 7. Labels and form of packages................................................ 391 8. Removal of articles after payment of tax ............................ 391 9. Storage of goods in internal revenue bonded warehouse ....................................................................... 391 10. Proof of exportation and exporter’s bond ............................ 392 11. Manufacturers’ and importers’ bond ................................... 392 12. Records to be kept by wholesale dealers ............................. 392 13. Records to be kept by dealers in leaf tobacco...................... 392 14. Preservation of invoices and stamps ................................... 393 15. Information to be given by manufacturers, importers, etc. ................................................................ 393
THE LAW ON TRANSFER AND BUSINESS TAXATION
xvii 10. Taxability of domestic denatured alcohol ........................... 371 11. Mandatory marking of all petroleum products .................. 372 G. TAX ON MISCELLANEOUS ARTICLES 1. Rates and bases of ad valorem tax on automobiles ............ 373 2. Ad valorem tax levied only on automobiles ........................ 373 3. Rate and base of ad valorem tax on non-essential goods ................................................... 374 4. Meaning of certain terms .................................................... 375 5. Rate and base of tax on non-essential services .................. 376 6. Invoicing requirements for services performed ................. 376 7. Application for registration ................................................. 379 8. Meaning of certain terms .................................................... 380 9. Rate and base of tax on sweetened beverages ................... 380 10. Excise tax on removal of sweetened beverages products for export ........................................................ 382 11. Manner of packaging of sweetened beverages ................... 382 H. TAX ON MINERAL PRODUCTS 1. Meaning of certain terms..................................................... 383 2. Rates and bases of the ad valorem taxes on mineral products ............................................. 384 3. Nature of the tax .................................................................. 385 4. Domestic coal contemplated ................................................ 386 5. Mineral products contemplated........................................... 386 6. Quarry resources contemplated........................................... 388 7. Computation of tax............................................................... 388 8. Exemption from local taxes.................................................. 389 E. TAX ON TOBACCO PRODUCTS 1. Meaning of certain terms..................................................... 351 2. Rate and basis of the excise tax on tobacco products ......... 352 3. Rate and basis of the excise tax on heated tobacco products ............................................................ 353 4. Rate and basis of the excise tax on vapor products ........... 354 5. Nicotine Salt or Salt Nicotine ............................................. 354 6. Conventional ‘Freebase’ or ‘Classic’ Nicotine ..................... 355 7. Export bond on tobacco products ........................................ 355 8. Manner of packaging of tobacco products .......................... 355 9. Regulation of sale of tobacco products ................................ 356 10. Floor price or minimum price ............................................. 356 11. Rate and basis of the excise tax on cigars........................... 356 12. Rate and basis of the excise tax on cigarettes .................... 357 13. Manner of packaging of cigarettes ...................................... 358 14. Proof of payment of tax on cigars and cigarettes................ 358 15. Confiscated bl ue seal cigarettes ........................................... 359 16. Civil and/or criminal penalties ............................................ 359 17. Rates and bases of tobacco inspection fees ......................... 360 18. Payment of tobacco inspection fees ..................................... 360 F. TAX ON PETROLEUM PRODUCTS 1. Meaning of certain terms..................................................... 361 2. Rates and bases of the excise taxes on manufactured oils and other fuels ........................... 363 3. Exceptions to revised excise tax rates ................................ 367 4. Exemptions from the tax...................................................... 367 5. Upgrading of kerosene ......................................................... 368 6. Removal of naphtha ............................................................. 369 7. Creditable excise tax ............................................................ 370 8. Tax treatment of lubricating oils and greases produced from tax-paid basestocks and additives .................................................................. 370 9. Accounting for excise taxes paid on raw materials used ................................................... 370 I. ADMINISTRATIVE PROVISIONS 1. Supervision over business establishments ......................... 389 2. Records to be kept by manufacturers.................................. 389 3. Records as basis for assessment .......................................... 389 4. Approval of premises by Commissioner .............................. 390 5. Counting or metering devises to determine volume of
16. Written permit for importation, manufacture,
xviii or sale ............................................................................. 393 17. Establishment of distillery warehouse................................ 394 18. Custody of distillery or distillery warehouse ...................... 394 19. Limitation on quantity of spirits removed from warehouse .............................................................. 394 20. Denaturing within premises................................................ 394 21. Recovery of alcohol for use in arts and industries.............. 395 22. Requirements governing rectification and compounding of liquors .......................................... 395 23. Search and testing of taxable articles ................................. 395 24. Detention of package containing taxable articles............... 396
J. PENAL PROVISIONS 1. Unlawful possession of cigarettes paper
in bobbins, etc. ............................................................... 396 2. Unlawful use of denatured alcohol...................................... 397 3. Unlawful shipment or removal of liquor or tobacco products ........................................................ 397 4. Unlawful possession of articles without payment of excise tax ..................................................... 398 5. Unlawful removal of article without payment of excise tax ..................................................... 399 6. Selling of tobacco products at a price lower than the combined excise and VAT ...................................... 399 7. Offenses related to fuel marking ........................................ 400 8. Failure to give required information by manufacturers, importers, indentors, and wholesalers of any apparatus or mechanical contrivance .......................... 401 9. Misdeclaration of manufacturers subject to excise tax ...... 401 10. Forfeiture of property or of dies........................................... 401 11. Forfeiture of goods lawfully stored, removed, or imported ..................................................... 402 12. Unlawful interest of revenue officers in business .............. 402 13. Punishment for second and subsequent offenses ............... 402
Chapter 5. — DOCUMENTARY STAMP TAXES A. PRELIMINARY TOPICS
1. Definition of documentary stamp tax.................................. 403 2. Nature of DST....................................................................... 403 3. Purpose of DST ..................................................................... 404
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